Aaron Rents Incorporated
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Aaron Rents, Inc. Names Steven A. Michaels Vice President, Finance, Aaron's Sales & Lease Ownership Division
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ATLANTA, Aug. 19 /PRNewswire-FirstCall/ -- Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, today announced the appointment of Steven A.
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Aaron Rents, Inc. Reports First Quarter Results; Revenues Up 13%; Earnings Exceed Estimates
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For the first quarter of 2008, revenues increased 13% to $437.3 million compared to $387.9 million for the same quarter a year ago. Net earnings were $24.8 million versus $29.2 million last year. Diluted earnings per share were $.46 compared to $.
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Aaron Rents, Inc. Previews Fourth Quarter and Fiscal Year Results; Revenues up 14% for Quarter; Same Store Revenues up 3.9%
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All data in this earnings release is preliminary and subject to audit. The Company will announce final fourth quarter and fiscal year 2007 financial results on February 19, 2008.
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Aaron Rents, Inc. Completes Another Franchise Conversion; Alliance Rental Centers Joins the System
P., operator of ten stores throughout north Texas, to convert seven of its stores to franchised Aaron Rents stores. The stores will enter the Aaron's franchise system and operate as Aaron's Sales & Lease Ownership stores.
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Aaron Rents, Inc. Directors Declare Dividend - Zibb.com
ATLANTA, Aug 06, 2008 /PRNewswire-FirstCall via COMTEX/ --
The Board of Directors of Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, has declared a quarterly cash dividend. The dividend declared is $.016 per share on Common Stock and $.016 per share on Class A Common Stock, payable October 1, 2008 to shareholders of record as of the close of business on September 2, 2008.
Aaron Rents, Inc., based in Atlanta, currently has more than 1,570 Company-operated and franchised stores in 48 states and Canada for the rental and sale of residential and office furniture, accessories, consumer electronics and household appliances. The Company also manufactures furniture, bedding and accessories at 12 facilities in five states.
SOURCE Aaron Rents, Inc.
http://www.aaronrents.com
Tags: business canada consumer dividend electronics household manufacturer nyse residential
Companies: Aaron Rents, Inc. (RNT)
Aaron Rents, Inc. Names Steven A. Michaels Vice President, Finance, Aaron's Sales & Lease Ownership
ATLANTA, Aug 19, 2008 /PRNewswire-FirstCall via COMTEX/ --
Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, today announced the appointment of Steven A. Michaels to Vice President, Finance of the Aaron's Sales & Lease Ownership division. He formerly was Vice President, Franchise Finance of the division.
"Steve has contributed significantly thorough the years to the growth of the Aaron's Sales & Lease Ownership franchise operations," said Robert C. Loudermilk, Jr., President and Chief Executive Officer of Aaron Rents. "He will continue in his new position to take on more financial responsibilities within the Company."
Mr. Michaels joined Aaron Rents in 1995 and held various internal audit positions. He advanced to Director of Franchise Finance in 1999 of the Aaron's Sales & Lease Ownership division and was promoted to Vice President, Franchise Finance in August, 2005. He is a graduate of the University of Florida with a Bachelor of Science degree in Business Administration and holds a Masters of Business Administration degree from Georgia State University. He is also a Certified Public Accountant.
Aaron Rents, Inc., based in Atlanta, currently has more than 1,570 Company-operated and franchised stores in 48 states and Canada.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding Aaron Rents, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include factors such as changes in general economic conditions, competition, pricing, customer demand and other issues, and the risks and uncertainties discussed under "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2007.
SOURCE Aaron Rents, Inc.
http://www.aaronrents.com
Tags: annual report business canada ceo consumer electronics finance florida georgia nyse president residential sales science securities
Companies: Aaron Rents, Inc. (RNT)
Aaron Rents, Inc. Promotes Robert C. Loudermilk, Jr. to Chief Executive Officer; R. Charles
ATLANTA, June 16, 2008 /PRNewswire-FirstCall via COMTEX/ --
The Board of Directors of Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, today announced that Robert C. Loudermilk, Jr. has been elected President and Chief Executive Officer of Aaron Rents, Inc. He previously was President and Chief Operating Officer. Mr. Loudermilk, Jr. will succeed R. Charles Loudermilk, Sr. who will continue as Chairman of the Company.
"I am very pleased that Robin is ready to take over my responsibilities as Chief Executive Officer," said Mr. Loudermilk, Sr. "His long tenure in various positions with Aaron Rents has prepared him well to lead the organization in the upcoming years."
"Although I will be reducing my day-to-day responsibilities, I will be actively involved assisting Robin in setting strategy and in other areas as needed," Mr. Loudermilk, Sr. continued. "Aaron Rents has been a major part of my life since I founded the Company 53 years ago, and I plan to assist Robin and the fine Aaron's team in further growing the business and increasing value to our shareholders."
Mr. Loudermilk, Jr., 49, joined Aaron Rents in 1985 as an Assistant Store Manager and has served in various leadership positions through the years. He has been a Director of the Company since 1983 and has been President and Chief Operating Officer since 1997. He is a graduate of the University of Alabama with a Bachelor of Business Administration degree.
"I am very honored and excited to assume my new role," said Mr. Loudermilk, Jr. "This fulfills a goal of mine. I have grown up in the business and have had an outstanding mentor. I look forward to working in the future with him and the rest of Aaron Rents' very strong, capable, and experienced management team."
Aaron Rents, Inc., based in Atlanta, currently has more than 1,565 Company-operated and franchised stores in 48 states and Canada. The Company's MacTavish Furniture Industries division manufactured $73 million at cost in 2007 of furniture, bedding and accessories at 12 facilities in five states. The entire production of MacTavish is for shipment to Aaron Rents stores.
SOURCE Aaron Rents, Inc.
http://www.aaronrents.com
Tags: alabama business canada ceo consumer electronics nyse president residential
Companies: Aaron Rents, Inc. (RNT)
William K. Butler, Jr. Named Chief Operating Officer of Aaron Rents, Inc. - Zibb.com
ATLANTA, Aug 11, 2008 /PRNewswire-FirstCall via COMTEX/ --
The Board of Directors of Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, has elected William K. Butler, Jr. Chief Operating Officer. Mr. Butler, 55, formerly was President of the Company's Aaron's Sales & Lease Ownership division.
Mr. Butler's election was announced by R. Charles Loudermilk, Sr., Chairman of the Board of Directors. "We are very pleased to have Ken Butler assume the responsibilities of Chief Operating Officer of the Company, and feel that his industry knowledge, skills, and experience will enable us to continue our strong growth and performance well into the future," Mr. Loudermilk, Sr. stated.
Robert C. Loudermilk, Jr., President and Chief Executive Officer, added, "Ken Butler is a great asset to the Company and has earned his new role as COO. I look forward to working with him as we continue to build the business."
Mr. Butler started his career with Aaron Rents in 1974 as a Store Manager. He advanced to Regional Manager, first in the Washington/Baltimore Region and then in the Western Region, as the Company was then organized. He was promoted to National Merchandising and Sales Manager in 1983, Vice President of the Aaron's Rental Purchase division, now known as the Aaron's Sales & Lease Ownership division, in 1986, and in 1995 was promoted to President of the division.
Under Mr. Butler's leadership, Aaron's Sales & Lease Ownership has grown from infancy to more than 1,500 Company-operated and franchised stores. The division is the Company's growth leader and its franchise program ranks among the top U.S. franchisors in national surveys.
Aaron Rents, Inc., based in Atlanta, currently has a total of more than 1,570 Company-operated and franchised stores in 48 states and Canada.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding Aaron Rents, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include factors such as changes in general economic conditions, competition, pricing, customer demand and other issues, and the risks and uncertainties discussed under "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2007.
SOURCE Aaron Rents, Inc.
http://www.aaronrents.com
Tags: annual report business canada career ceo consumer election electronics nyse president residential sales securities
Companies: Aaron Rents, Inc. (RNT)
News from Zibb.com
- Aaron Rents, Inc. Directors Declare Dividend - Zibb.com
- Aaron Rents, Inc. Names Steven A. Michaels Vice President, Finance, Aaron's Sales & Lease Ownership
- Aaron Rents, Inc. Promotes Robert C. Loudermilk, Jr. to Chief Executive Officer; R. Charles
- William K. Butler, Jr. Named Chief Operating Officer of Aaron Rents, Inc. - Zibb.com
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